See how the Descending Triangle is playing out for GIS. View live chart.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for General Mills (GIS) on the daily chart. Currently at $34.7, the asset is showing upward momentum (0.41%). Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $34.04, targeting $23.66 with support near $37.3 (R:R 3.18).
What is your outlook on GIS?